29 banks around the world held approximately $368.3 billion in crypto assets in Q2 last year, but spot assets accounted for less than 3%
citing data from the Basel Committee on Banking Supervision (BCBS) as reported by CoinDesk, the total amount of crypto assets held by 29 global banks in the second quarter of 2024 reached 341.5 billion euros (approximately 368.3 billion US dollars), with only 2.46% being spot crypto assets. Compared to 2021, bank holdings of spot crypto assets have decreased by 44%. The data shows that banks are more inclined to invest in crypto-related exchange-traded products (ETPs), accounting for 92.5%, in order to avoid high volatility and regulatory risks. BCBS recommends that banks' exposure to spot crypto assets should not exceed 2%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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